Staff Reporter
,
Hong Kong
Photo by Jamie Street for Unsplash
The latest projection is 2,000 more than the previous estimate.
Hong Kong's Housing Bureau now expects private flat supply to hit 107,000 in three to four years, 2,000 more than the previous estimate.
Breaking down the estimate, the bureau said there were 18,000 unsold units in completed projects at the end of March 2023, 65,000 units under construction, excluding those pre-sold by the developers, and 25,000 units from sold properties where development may begin anytime.
There were also 2,300 flats under construction in Q1, and 6,800 units completed during the period.
READ MORE: Land Dep't distributes ten pre-sale consents in Q1
Join
Hong Kong Business
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!